Visa, the global digital payment firm, has designated international property developer Sweid & Sweid to build its new headquarters in Dubai.

The building to service operations in the Central and Eastern Europe, Middle East and Africa (CEMEA) region of the company will increase capacity to more than 500 employees.

The HQ project is on its way to completion in June 2021.

The regional president of Visa for the CEMEA region said: “This is not only an investment in Dubai, but also in the region of Central and Eastern Europe, the Middle East and Africa (CEMEA), which is a fast growing market for Visa “.

The Chinese payments firm sees growth amid the e-commerce boom in the Gulf. The new HQ Visa will be built in the heart of Dubai Internet City and Dubai Media City and is intended to cover 100,000 square feet.

It will have an innovation center, collaborative office spaces, outdoor terraces and integrated lobby areas that will transform the way people work and interact with the fintech company.

The managing partner of Sweid & Sweid said: “Since our beginnings in 2006, we have delivered projects of the highest quality to our multinational tenants, and we hope to contribute to the development of the Dubai economy by facilitating the growth of leading technology companies such as Visa and creating jobs for the next generation ”

The commercial director of TECOM Group added: “We continually strive to enable thriving sectors and industries that contribute to the growth and diversification of the Dubai economy. In line with this priority, the new CEMEA Visa headquarters is a welcome addition to our dynamic communities that promote innovation and currently house more than 5,600 business partners from around the world. “